Thor Network Leads In Cross-Chain Atomic Swap Technology

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Thor Network is a decentralized asset exchange unlike many others, in that it offers cross-chain atomic swap technology, which allows asset exchanges to be made across different blockchain systems.

Thor Network is taking blockchain technology to new heights. A decentralized asset exchange, Thor is leading in a relatively new blockchain technology: cross-chain atomic swap technology. This enables the network to process cross-blockchain transactions (transactions between different blockchains) and increase liquidity.

Decentralized Asset Exchange Systems Attempting To Forego Issues
As a decentralized asset exchange system, Thor was built to fend off the problems associated with a centralized exchange, such as hacking, theft, market manipulation and lower transparency.

Other decentralized exchanges have cropped up along with Thor Network, including Bitshares, Kyber Network, 0x Protocol, Swap, etc. Although other decentralized projects have also risen to avoid the aforesaid drawbacks, they still succumb to the limitations of the underlying blockchain and cross-chain hardships.

Although decentralized, these solutions provide crypto asset transfers in a single blockchain system. Airswap and 0x, for example, have protocols that are only compatible with ERC20 tokens on Ethereum. Therefore, they do not allow trades of altcoins between different blockchains.

Thor Network, on the other hand, provides cross-chain solutions and removes the walls that hinder the trading of altcoins between various blockchains.

Source : https://news.ibinex.com/2018/09/18/thor-network-leads-in-cross-chain-atomic-swap-technology/